Non-Recourse
A type of loan or financing where the lender assumes all risk of default, meaning the dealership is not obligated to repurchase the contract if the buyer fails to pay. This provides dealerships financial protection from credit losses.
A type of loan or financing where the lender assumes all risk of default, meaning the dealership is not obligated to repurchase the contract if the buyer fails to pay. This provides dealerships financial protection from credit losses.